A takeover battle for the future of K-pop is heating up | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency.

The tech firm announced Tuesday that it would seek to buy up to 35% of the music label, just days after a previous share sale between the two parties was blocked by a Korean court. If successful, it would own about 40% of the company. Kakao and its entertainment unit have launched a tender offer totaling approximately 1.25 trillion Korean won , according to a regulatory filing. It plans to offer SM shareholders 150,000 won per share.

had offered investors 120,000 won per share in its own tender offer, through which it had hoped to acquire a further 25% stake of SM. On Monday, the BTS agency revealed that its bid had tanked, boosting its holding by only 0.98%. entered the fray last month, when Lee sold most of his personal shares to the agency for 422.8 billion Korean won . He retains a stake of 3.65%, according to a Monday regulatory filing. In recent weeks,

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Well here’s a story people are dying to hear about. Who’d she piss off to draw this awful gig. 😂

Aren’t republicans against K-pop thing? Kinda non-binary eh.

OMG those girlie men

Step 1. All K-Pop groups signed by same agency. Step 2. All K-Pop groups tricked onto nose cone of space rocket. Step 3. Peace on Earth.

that's just crazy

who cares

This is your idea of news?

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Kakao Cancels SM Entertainment Investment After Court OrderHYBE also sends a letter to SM demanding the current board terminate a pact with Kakao and withdraw its Kakao-nominated director candidate.
Источник: billboard - 🏆 112. / 63 Прочитайте больше »

CNN anchor Kasie Hunt gives birth in surprise 13-minute labor | CNN BusinessCNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Congrats! Yay Kasie!!! The day of unveiling the truth is near!
Источник: CNN - 🏆 4. / 95 Прочитайте больше »